Cass Information Systems, Inc. (NASDAQ:CASS) Short Interest Update

Cass Information Systems, Inc. (NASDAQ:CASS) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 160,800 shares, a decline of 9.0% from the January 15th total of 176,800 shares. Based on an average daily volume of 45,500 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Cass Information Systems

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cass Information Systems by 3.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,710 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 227 shares in the last quarter. Huntington National Bank raised its stake in shares of Cass Information Systems by 72.9% in the fourth quarter. Huntington National Bank now owns 690 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 291 shares during the period. First National Bank of Omaha raised its stake in shares of Cass Information Systems by 3.3% in the third quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 300 shares during the period. Rhumbline Advisers raised its stake in shares of Cass Information Systems by 1.1% in the fourth quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider’s stock valued at $1,124,000 after acquiring an additional 303 shares during the period. Finally, US Bancorp DE raised its stake in shares of Cass Information Systems by 5.4% in the third quarter. US Bancorp DE now owns 7,078 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Down 0.8 %

NASDAQ:CASS traded down $0.35 during trading hours on Monday, hitting $44.59. 42,656 shares of the stock traded hands, compared to its average volume of 43,214. Cass Information Systems has a 1 year low of $37.99 and a 1 year high of $49.16. The company has a market cap of $605.09 million, a price-to-earnings ratio of 32.31 and a beta of 0.72. The stock has a 50 day moving average price of $41.86 and a 200 day moving average price of $42.12.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. Equities analysts forecast that Cass Information Systems will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, March 4th. Cass Information Systems’s dividend payout ratio is currently 89.86%.

Cass Information Systems Company Profile

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.